Breaking: Fidelity Exits China, Laying off 500 Staff, as Foreign Firms Face a Tough Winter
Breaking: Fidelity Exits China, Laying off 500 Staff, as Foreign Firms Face a Tough Winter
Udumbara
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On October 21, it was reported that Fidelity International, a global asset management giant, is laying off 500 people in China. According to insiders, the layoffs mainly affect the company’s excellence center in Dalian, which supports various global operations, including technology, operations, and investment research.
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